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Can These 3 Altcoins to Buy Make You Rich in 2024

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Can These 3 Altcoins to Buy Make You Rich in 2024

It’s darkest before dawn! This is perhaps the phrase that every crypto investor needs to get used to given the broken structure of the market at the moment. The period before and after approval of Bitcoin ETF has significantly altered the outlook for crypto, causing a seismic shift in holders’ fortunes. As Bitcoin hit a new all-time high of $73,837, altcoins to buy like Terra Classic (LUNC), Shiba Inu, and Sui were beaming with hopes of reaching all-time highs.

Over the past 24 hours, volatility has dominated the market, with Bitcoin first bouncing above $63,000 before sliding to test support at $60,000. Potential altcoins to buy followed quickly, posting double-digit losses on Friday.

Total market capitalization fell to $2.38 trillion from $2.41 trillion earlier in the day. Ethereum lost the support at $3,000 and is currently above the $2,900 support. Solana is back below $150 and trading at $147 at the time of writing, while Dogecoin, Cardano and others sink deeper into losses.

That said, narrowing down to a few altcoins to buy could help investors see the big picture. DCA strategies could help build holdings, positioning yourself for optimal returns as the crypto market rebounds towards the end of the year.

1. Terra Classic (LUNC)

Terra Classic Price is currently at $0.0001072, showing an increase of 2.38% from the last day. Despite this price increase, trading volume saw a drop of 18.19%, totaling approximately $24.13 million over the past 24 hours. The market capitalization now stands at $621.91 million, ranking it 113th in the market capitalization rankings.

LUNCUSD Price Chart

The LUNC market saw a notable 7% rise over the past week, highlighting increased investor interest. Despite a broader downtrend this month, with a 17% decline, there appears to be a subtle recovery. Prices fluctuated between $0.0001 and $0.00012, indicating cautious optimism among traders.

The growing bullish sentiment in the market could push Terra Classic price beyond the $0.00011 level. Such a move could accelerate momentum towards testing the $0.00012 resistance. If the bullish pressure persists, the price could even approach the $0.0002 mark.

2. Shiba Inu (SHIB)

Shiba Inu Coin has shown considerable resilience and a robust recovery in recent hours. The increase comes after a series of declines earlier in the day, drawing attention from investors and analysts. Over the past week, SHIB saw a slight rise of over 3%, with prices hovering between $0.0000224 and $0.0000261.

Despite a 14% decline over the past month due to market corrections, the current rise in its value suggests growing optimism among investors, potentially marking a transition from bearish to more bullish market conditions. This change in sentiment could signal a shift in investor confidence, heralding a new phase for the cryptocurrency.

SHIBUSD Weekly Price Chart

Recently, the Shiba Inu cryptocurrency attracted attention with a significant increase in its burn rate, climbing over 5,500%. According to Shibburn, approximately 26 million SHIB tokens were removed from circulation yesterday. This action has injected optimism into the market for this dog theme. cryptocurrency.

If the market rally persists, the meme cryptocurrency could surpass the $0.000025 mark, potentially raising its price to $0.00003. This increase could allow it to reach the $0.00003 level. With continued upward pressure, SHIB could rise to $0.00005 by the end of April.

3. Follow

Sui (SUI), an innovative layer 1 blockchain platform, is quickly gaining attention due to its focus on secure, fast and private management of digital assets. It stands out for offering scalable blockchain solutions, as evidenced by its significant total value locked (TVL). The recent outbreak of Next price at $1.09, an 8% increase in one day, signals strong market interest.

SUIUSD Weekly Price Chart

Despite a slight decline in previous weeks, this rise suggests growing confidence in Sui’s potential as a leading alternative cryptocurrency. Currently, it ranks 46th on CoinMarketCap, with a market capitalization of $2.5 billion. Investors view Sui as a competitive option to Solana, potentially turning a $10,000 investment into $500,000.

Conclusion

Investing in cryptocurrencies requires resilience but also the ability to adjust and rebalance portfolios accordingly. Cases of risk-taking are also essential. Altcoins to buy like SHIB, LUNC, and SUI allow investors to position themselves ahead of the bull market.

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We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Altcoins

Here’s When Altcoin Market Cap Will Reach New All-Time Highs, According to Trader Jason Pizzino

TokenTalk Staff

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Here's When Altcoin Market Cap Will Reach New All-Time Highs, According to Trader Jason Pizzino

A widely followed analyst reveals a possible timeline for altcoin markets to record new all-time highs.

In a new strategy session, trader Jason Pizzino tells his 329,000 YouTube subscribers that he’s taking a close look at the TOTAL3 chart, which tracks the market capitalization of all crypto assets excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins.

According to Pizzino, TOTAL3 experienced a 26-month accumulation period during the last cycle, spanning from late 2018 to early 2021, before launching a parabolic surge.

Pizzino says TOTAL3 could reflect the same pattern in this cycle and could be a few months away from triggering a strong bullish surge.

“That would take us around February, so the first quarter [of 2025]. As you look at the fourth quarter of 2024 – the first quarter of 2025, I think that probably had a pretty good move to a new high price…

All this fear of a market decline would be forgotten in the fourth quarter. I’m going to put myself in danger here. »

Source: Jason Pizzino/YouTube

Looking at the trader’s chart, he seems to predict that the total altcoin market cap will fall to the 50% Fibonacci level, at around $400 billion, before sparking a recovery and hitting a new all-time high at -above $1 trillion by early next year.

At the time of writing, TOTAL3 is hovering at $597 billion.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Altcoin exodus cuts crypto market cap by 3.2%, Bitcoin falls to $64,000

TokenTalk Staff

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Altcoin exodus cuts crypto market cap by 3.2%, Bitcoin falls to $64,000

Kitco NEWS has a diverse team of journalists who cover the economy, stock markets, commodities, cryptocurrencies, mining and metals accurately and objectively. Our goal is to help people make informed market decisions through in-depth reports, daily market summaries, interviews with leading industry figures, comprehensive (often exclusive) coverage of important industry events and analyzes of developments affecting the market.

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Trader Who Called 2022 Crypto Crash Bullish on Solana (SOL) and GPU-Focused Altcoin

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Trader Who Called 2022 Crypto Crash Bullish on Solana (SOL) and GPU-Focused Altcoin

An Analyst Who Accurately Called the 2022 Crypto Collapse Becomes Bullish on Solana (GROUND) and rendering (RNDR).

Analyst pseudonym Capo tell its 90,280 Telegram subscribers than Ethereum (ETH)-rival Solana and RNDR, the graphics processing unit (GPU) rendering blockchain, are likely in an uptrend.

“Added more to the long SOL and RNDR.”

Solana is trading at $133 at the time of writing, down almost 7% in the last 24 hours. Meanwhile, RNDR is trading at $7.17 at the time of writing, down 10% in the last 24 hours.

The analyst also monitors the OTHERS three-day chart, which tracks the total crypto market capitalization excluding the 10 largest digital assets and stablecoins, for signs of a rebound.

“Altcoins: the green zone is support but we should see a rebound soon. If green holds, then we should expect movement towards the red zones (T1 and T2). If green doesn’t hold, then blue. Judging by sentiment and indicators, I think the bullish scenario is more likely.

Source: Capo/Telegram

OTHERS is valued at $219.25 billion at the time of writing, down more than 7% in the last 24 hours.

Then the trader says that ETH against Bitcoin (BTC) could be preparing for an escape.

“ETH/BTC: This looks bullish.”

Source: Capo/Telegram

Looking at his chart, the analyst suggests that ETH/BTC could soon reach 0.065 BTC ($4,196). ETH/BTC is trading at 0.0532 BTC ($3,442) at the time of writing, up slightly over the past 24 hours.

Finally, the analyst claims that the bottom could be reached for the crypto market and predicts that a breakout is coming.

“The market has reached its lowest level again. BTC is holding above $65,000, but alts are suffering much more. It’s like that. Overall, it looks like local background training. Too negative sentiment and financing, filled offers and everything is very oversold. I still expect a strong rebound.

Bitcoin is trading at $64,661 at the time of writing, down 2.5% in the last 24 hours.

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Altcoin selloff wipes out $4.9 billion in DeFi TVL

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